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WORLDWIDE AUTOMOTIVE OÜ tegevusaruanne 2024

Management Report

Worldwide Automotive OÜ

For the Financial Year Ended 31 December 2024 1. General Overview

Worldwide Automotive OÜ was established on 24 January 2024 and is engaged in the business of automotive sales and services. The financial year 2024 marked the company’s first year of operations. The company focuses on delivering high-quality products and services to its clients while maintaining operational efficiency and financial discipline.

2. Business Performance

Financial Highlights: (cid:127) Revenue: €23,395 (cid:127) Operating Profit: €16,785 (cid:127) Net Profit: €16,785

Operational Achievements:

During 2024, the company successfully launched its business activities, generating notable sales revenue and managing its costs effectively.

The management’s focus on inventory control and operational efficiency contributed to the company's profitability.

Challenges: (cid:127) The company experienced a negative cash flow from operating activities of €16,421, driven by changes in inventory and receivables management.

(cid:127) Working capital management required significant attention due to the high value of inventory (€217,384) as of year-end.

3. Financial Position

As of 31 December 2024: (cid:127) Total assets amounted to €118,963.

(cid:127) Total liabilities were €92,178, primarily consisting of short-term payables.

(cid:127) Equity stood at €26,785, including a share capital of €10,000 and retained earnings of €16,785.

4. Risk Management

The key risks identified during the financial year include: (cid:127) Liquidity Risk: The company ended the financial year with negative cash and cash equivalents of €6,421. Proactive measures are being taken to improve cash flow through better receivables and inventory management.

(cid:127) Market Risk: As a new entrant in the automotive sector, the company remains exposed to market competition and demand fluctuations.

Strategies have been devised to build a robust customer base and enhance competitive positioning.

5. Outlook for 2025

The company is optimistic about growth opportunities in 2025. Key focus areas include: (cid:127) Expanding the product portfolio to cater to a broader customer base.

(cid:127) Strengthening supply chain management to reduce inventory holding costs.

(cid:127) Implementing enhanced cash flow management strategies to stabilize liquidity.

(cid:127) Leveraging marketing and customer relationship initiatives to boost sales and brand presence.